Valeo India Pvt Ltd

Valeo India Pvt Ltd Description

ValeoÂ is a multinational automotive supplier based in France, providing a wide range of products to auto manufacturers and after-markets. The company sells a wide range of products and top quality services like catalogues, marketing tools, training and diagnostic tools to car dealerships, spare parts distributors and independent garages in more than 100 countries across the globe. Valeo's aftermarket activity comprises of two Branches: a team dedicated to the Independent Aftermarket (distributors, garages, auto-centres), and another to the Original Equipment Spares network. The company represents 18 % of total sales for the Group. Their marketing and logistics activities are combined to increase performance. At the starting of 2017, the Group Valeo has their presence felt in 33 countries, and has employed 91,800 people at 155 production sites, 20 research centers, 38 development centers and 15 distribution platforms. The products that are manufactured by the company includes: wiper systems, clutches, lighting & signaling, climate control, engine cooling, electrical systems, security & electronics, cracking, ignition and heavy duty. The company operates a Technical Center dedicated to the aftermarket and based in Paris. Engineers and mechanics work on the latest technologies in partnership with the companyâ€™s industrial branches. The Group is organized into 4 business groups and 13 product families. Thermal systems comprises of powertrain, front end, compressor, climate control, bus systems. Visibility systems comprises of lighting and wiper systems. Powertrain systems comprises of electrical systems, transmission systems, electronics and combustion engine. The comfort and driving assistance system consists of driving assistance, interior controls, connected car and automotive camera systems for vision application.

The $16.2 billion company is looking at investing about $100 million (Rs 665 crore) in India in the next two to three years and hire more than 1,000 engineers to support its local and global operations.

US-based Vehicle Access Systems Technology (VAST) has taken a 50% stake in the business after previous partner, French auto parts maker Valeo, exited the joint-venture by selling its stake to Minda 18 months ago. The JV will now be called Minda VAST Access Systems.